Recent Updates — MI
NFT Limited closed three separate registered direct offerings on October 7, 9, and 13, 2026, raising approximately $4.375 million in gross proceeds. The company issued 1,890,000 units in the first offering at $1.35 per unit, followed by 1,000,000 units each in the second and third offerings priced at $1.00 per unit. Each unit consisted of one Class A ordinary share or pre-funded warrant and one common warrant exercisable for one additional share. Net proceeds after fees totaled approximately $3.845 million, which management intends to use for its NFT artwork trading platform, AI robotics project, working capital, and general corporate purposes. The company operates in the digital asset and technology sectors.
On September 30, 2026, NFT Limited entered into a Securities Purchase Agreement for a private placement of 80,000,000 Class A Ordinary Shares at $0.45 per share, generating approximately $36 million in aggregate purchase price. The net proceeds will fund the development and expansion of its NFT artwork trading platform business, its planned AI robotics project, working capital, and general corporate purposes. Closing is subject to NYSE American approval of a supplemental listing application for the Shares. NFT Limited operates in the digital asset technology sector, specifically developing an NFT artwork trading platform and artificial intelligence robotics solutions.
NFT Limited reported a net loss of $473,690 for the six months ended June 30, 2026, compared to a loss of $810,938 in the prior year period. Revenue declined 64.7% to $112,014 due to lower NFT transaction volumes, while operating expenses decreased to $589,917 from cost-reduction initiatives. The company generated $95.4 million in net cash from operations, primarily driven by the recovery of a $98.7 million advance payment for failed platform software development. Cash and cash equivalents rose to $98.8 million as of June 30, 2026. Subsequent events include an August 24, 2026 registered offering that raised approximately $1.79 million in net proceeds and the acquisition of Xihang Technology Limited for $200,000 on August 11, 2026. The company operates an electronic online platform for artists and investors to offer and trade valuable artwork.
NFT Limited closed a $2 million public offering on August 24, 2026, issuing 437,957 units comprising Common Units and Pre-Funded Units at prices of $4.60 and $4.56 per unit, respectively. The transaction generated approximately $1.76 million in net proceeds after deducting placement agent fees and expenses, which the company intends to use for working capital and general corporate purposes. Each unit includes warrants exercisable into Class A ordinary shares, with exercise prices of $4.60 for Common Warrants and $0.04 for Pre-Funded Warrants. Maxim Group LLC served as the exclusive placement agent, receiving a 6% fee on gross proceeds. The company also granted Maxim a 12-month right of first refusal on future financings and imposed a 120-day lock-up on officers and directors.